Page 83 - 2021 Costello's Ace - Give No Ground - 2021 Strategic Planning
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Training Budget
Annual Cost of 1 Associate to Train 15 Hours:
LI Store NJ Store MD Store
$ 210.00 $ 180.00 $ 176.25
Average Annual Cost by Store Sales Volume
Avg. # Avg. Annual Cost Avg. Monthly Training
Store Level Sales Volume # Stores EE for Store Cost for Store Costs
1 < 2.1M 13 13 $ 2,755.10 $ 229.59 $ 35,816.25
2 2.2M- 3.0M 8 21 $ 4,150.31 $ 345.86 $ 33,202.50
3 3.1M-4.2M 7 26 $ 5,283.21 $ 440.27 $36,982.50
4 >4.3M 5 34 $ 6,670.50 $ 555.88 $ 33,352.50 Time Frame Training Hours
$139,353.75
All 2019 9,306
YTD 2020 7,870
Projection 2021 15,000
“Training and Retaining Current Employees is Cheaper Than Hiring New Ones”
250 – 75 – 25
